@MoneyKing88,even you got 500m they also dont want sell you..the big share holder not necessary msut sell you at current price....if you try accumulate from open market, i just scare 500m also not enough..
i believe so too, looking at the company prospect, I strongly believe insiders and major shareholders are not selling, only the retailers are being squeezed at the moment for someone to collect cheap. I believe it was that few tenth millions of shares keep changing hand that is driving down the stocks.
Though I'd prefer SMRT than AEGB since the educationalist expertise is in SMRT, but I believe their fate are tied together (唇齿相依). In the long run, i would think SMRT would benefit more from the partnership.
However, AEGB has the edge as it has a cash rich investor sit in the board of of directors。Since it is a closed fund so they prime focus is on return for the fund investors. If company perform well, they will certainly rewards shareholder.
My claim above could be substantiated by the recent divvy payout after asset disposal, so I keep both counters in my "edu sector" portfolio.
TA wise, SMA20 will need to cross above SMA50 before we can confirm that is the bottom and the start of an uptrend. Otherwise, it is just another bear trap.
FA wise, it will take some time to show if their AEGB plan materializes. However, if SMRT clinches a contract extension of ELT/pro-ELT then it will be a short-term boost to the share price.
Oops, at one point, u really scare me. Let's hope it touch 34 today or next week. looks like buyers are slowly in now, slow but steady unlike past weeks.
depika, when I said SMA20 must cross SMA50 I don't mean the share price crossing 34 sen....if u open SMRT chart, plot SMA20 & SMA50...u will see 2 lines on almost parallel to each other on a downtrend. The SMA20 line will need to cross SMA50 to confirm an uptrend...and that will only happen when the price goes up significantly.
Just a mere 450 big lot to push the counter up 6+% , so you could imagine how easily could this counter be manipulated by speculators if they wanted to push it up or down. I doubt that you could use a TA chart to predict this counter movement. Retailer are at the mercy of the small medium size fund speculators.
You can only see a real reversal confirmation trend that come with convincing financial results with divvy, as by then, the timid retailers would not be so easily shaken then.
No, am not using chart to predict movement. I don't know how to do that even if it's possible. Only using it to look at the trend. It is very obvious the counter is on a 9 mth downtrend. Uptrend will become more obvious once the shorter period crosses a longer period SMA.
Will do. Most of the time, share price (TA) moves in tandem with FA. There are times when share price moves against good FA, i.e. crisis. That's when TA will be useful because u wouldn't want ur capital to be stuck in a stock on a downtrend no matter how good the FA is.
Just noticed that MACD just turned positive...RSI has also rebounded to 50% from oversold positions. This means there is a chance it might be turning the corner. But until and unless SMA20 crosses SMA50 convincingly, it may also mean this is a bear trap.
Yes RSI and MACD all positive. Left price hvnt gone pass SMA20 & SMA50. Nevertheless, I hv bought in more today ;-). This is not a buy call and Pls don't follow blindly.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
red_85
1,259 posts
Posted by red_85 > 2015-07-09 01:10 | Report Abuse
@MoneyKing88,even you got 500m they also dont want sell you..the big share holder not necessary msut sell you at current price....if you try accumulate from open market, i just scare 500m also not enough..